Gulf Keystone Petroleum Share Discussion Threads

[zeropointnine] 17/10/2016 08:25

No Lobo, I will be forever ZeroPointNine UNLESS the sodding thing goes to zero of course1

[gkp heros] 17/10/2016 08:23

My money is in GLR only 190 million shares and about to announce news any day. 'This will never go up by 200-300% in a day now!!!GLR can and will do easily on goood news!!!

[withoutt] 17/10/2016 08:22

Wild rider7

Catch the snippet about his expenses, surely the man can't sleep at night.

[lobo] 17/10/2016 08:20

Will you change you name when it gets to 0.4p ?

[ccr1958] 17/10/2016 08:20

Thanks Mr R ,I Will take a look at PXOG ;)

[gkp heros] 17/10/2016 08:19

22.5 billion shares out there, that's more than BP. With a 90 billion market cap pmsl

[complex machinery] 17/10/2016 08:18

For the avoidance of doubts,

I still have a buy order of 3m shs at 0.25p.

[zeropointnine] 17/10/2016 08:17

Is my name, my target, and it WILL be met!

[wildrider7] 17/10/2016 08:16

without,

“The current management team was brought in with the purpose of restructure and to help save hundreds of jobs in the UK and Kurdistan. I was approached by the current CEO because of my oil and gas expertise, having trained as a chemical engineer, and my country expertise.” Mr Zahawi
hxxp://www.stratford-herald.com/60096-mp-defends-criticisms-oil-firms-finances.html

this really takes the biscuit
- so they knew at the last AGM what the plan was. don't remember them telling us about it. And if restructure was in place why pretend they are looking for financing? when the aim was obviously to transfer wealth to the bond holders.
- how many 'Hundreds' of troughers they have working in the UK?
- Finally, what has his 'chemical engineer' experience anything to do with a financial restructuring?
How much blunders can you make in a quote?

[nicebut] 17/10/2016 08:13

without,

Well done- A rare sight indeed- Profit with GKP- Take a screen shot!

[mr roper] 17/10/2016 08:07

O/T PXOG breaking out...

[withoutt] 17/10/2016 08:04

Can anybody trade their OO share Shares?

[deanroberthunt] 17/10/2016 07:57

crack open the Moet Ice.

[withoutt] 17/10/2016 07:56

My OO shares are showing £222.22 in profit @ the mo.

[deanroberthunt] 17/10/2016 07:32

the fate of the company now lies entirely with the note holders.....if they collectively decide they want out of dodge at any price (within reason)....then they will make it so.....

[deanroberthunt] 17/10/2016 07:30

is he an Arab? oops, sorry I meant Kurd.

[deanroberthunt] 17/10/2016 07:25

most rich people are complete illiterate cants.

[deanroberthunt] 17/10/2016 07:23

OI

yeah, but he's a wealthy idiot....seems the two are synonymous...

the mistake most sheep make is that they think education and qualifications are the road to riches, when they are generally not, usually the road to a lifetime being an average gimp...

[trader11] 17/10/2016 07:23

Moaning

cmon Cana lets get on with the positive spin

[hearts1] 17/10/2016 06:34

An advisor on Skype? On what, how to turn £4 into 1p?

[withoutt] 17/10/2016 05:09

Here's the complete article. It just gets better.


Nadhim Zahawi, MP for Stratford-on-Avon.
STRATFORD MP Nadhim Zahawi this week defended himself following revelations that he has made £370,000 from an oil company that is £470 million in debt.

Press reports have stated that Mr Zahawi has been making a fortune from his work with Gulf Keystone Petroleum while small shareholders in the company “have seen their investment all but wiped out”.

Mr Zahawi, who has been Stratford’s MP since 2010, was taken on as chief strategy officer for Gulf Keystone in 2015 on a salary of £20,125 a month for working between eight and 21 hours a week. This works out at more than £240,000 a year.

Already a millionaire as a result of his role as co-founder of the polling company YouGov, Mr Zahawi also receives a salary of just under £75,000 a year as a Member of Parliament. His parliamentary salary, however, is dwarfed by his income from his outside business interests.

In addition to his Gulf Keystone salary of £20,125 a month, one report states that he received a string of bonuses between January and June this year, adding up to £76,246.38, plus a payment of £52,325 made in September for 210 hours work, backdated to July last year.

He is also reported to be earning £40,000 a year as a non-executive director of the recruitment company SThree.

Among his other business activities is a consultancy he operates with his wife, Lana, called Zahawi and Zahawi, which runs stables from his 31-acre constituency home in Upper Tysoe.

In 2013 it was revealed that he’d claimed expenses for electricity used by the riding business and a yard manager’s mobile home. Mr Zahawi said the expenses claim had been made by mistake and he paid it back in full.

Mr Zahawi is an Iraqi Kurd whose family were persecuted by Saddam Hussein and fled to England when he was a child. Gulf Keystone is a company with specific interests in Kurdistan.

According to reports the firm has 35,000 shareholders, most of them people of modest means. But since 2012 the company has lost 99 per cent of its market value, with its share price crashing from 425p to just over 2p today.

Mr Zahawi – who has always maintained that his work for Gulf Keystone is done in his own time, including Sundays – told the Herald: “The huge debts that the company has racked up, and therefore the loss of share value, was under a previous management team.

“The current management team was brought in with the purpose of restructure and to help save hundreds of jobs in the UK and Kurdistan. I was approached by the current CEO because of my oil and gas expertise, having trained as a chemical engineer, and my country expertise.”

Mr Zahawi added: “By the time you go to print on Thursday we will have completed a restructuring of the business that would convert over half a billion dollars of debt into equity, making the company viable and saving those jobs. The restructuring was approved by shareholders with 94 per cent voting in favour.”